A frequent type of hair loss that affects both men and women, androgenetic alopecia is indicated by the gradual miniaturization of hair follicles, which results in thinner and shorter hair growth cycles. Despite the availability of various treatment options, a definitive cure for androgenetic alopecia is yet to be found. Nanotechnology has recently become recognized as a promising strategy for treating androgenetic alopecia. This review comprehensively analyzes the present situation and potential nanotechnology applications in managing androgenetic alopecia. The present study highlights various nanomaterials, including nanoparticles, liposomes, and dendrimers, and their potential for the delivery of drugs and growth factors to hair follicles. The possibility of nanomaterials in enhancing the bioavailability and efficacy of existing treatments for androgenetic alopecia, such as minoxidil and finasteride. Additionally, the study discusses the potential of nanotechnology in developing new therapeutic strategies, including gene therapy and tissue engineering approaches for hair follicle regeneration. Furthermore, the challenges associated with the clinical translation of a nanotechnology-based approach to androgenetic alopecia include the need for targeted delivery systems and long-term safety studies. In conclusion, nanotechnology holds great promise for developing effective and safe treatments for androgenetic alopecia. The targeted delivery and improved efficacy of existing drugs and the development of new therapeutic approaches using nanotechnology offer new possibilities for treating androgenetic alopecia.